Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela - 2022

Contents:

  1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (CIF) - 2022
  2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (FOB) - 2022
  3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela
  4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (CIF) - 2022

The average import price for tubing; flexible, with or without fittings, of base metals stood at $10,888 per ton in 2022, shrinking by -4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62%. The import price peaked at $22,495 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($31,628 per ton), while the price for China ($1,566 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $40,225 per ton, increasing by 20% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 158% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($139,600 per ton), while the average price for exports to Panama ($24,474 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela

In 2022, the amount of tubing; flexible, with or without fittings, of base metals imported into Venezuela soared to 80 tons, picking up by 282% on 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubing; flexible, with or without fittings, of base metals soared to $875K in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada38035217161517.4%
Spain37.60.413.580.428.8%
United Kingdom34.630.013.645.69.6%
United States20.841.013.733.817.6%
Argentina29.323.39.730.10.9%
China11.57.13.821.623.4%
Others36.331.014.249.110.6%
Total55048524087516.7%

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Venezuela in 2022:

  1. Canada (41.3 tons)
  2. China (13.8 tons)
  3. Argentina (11.3 tons)
  4. United Kingdom (6.6 tons)
  5. Spain (5.4 tons)
  6. United States (1.1 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela

In 2022, approx. 120 kg of tubing; flexible, with or without fittings, of base metals were exported from Venezuela; which is down by -20.5% against the year before. In general, exports continue to indicate a significant decline. The smallest decline of -19.5% was in 2020.

In value terms, exports of tubing; flexible, with or without fittings, of base metals contracted modestly to $4.8K in 2022. Over the period under review, exports continue to indicate a abrupt decrease.

Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama2.82.82.62.3-6.3%
Spain1.21.41.51.712.3%
Peru1.00.90.80.7-11.2%
Others0.70.20.20.1-47.7%
Total5.65.35.14.8-5.0%

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Venezuela in 2022:

  1. Panama (95.0 kg)
  2. Spain (19.0 kg)
  3. Peru (5.0 kg)

Source: IndexBox Market Intelligence Platform

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